Bill Wilhelm

Learn More
and the many officials at various stock exchanges, regulatory agencies and research institutes that have helped me to gather this information. Most of these sources are listed in Appendix F, along with country-specific information. Any inaccuracies or errors are, of course, entirely my own, and I would be grateful to have them pointed out. There has been a(More)
This paper uses evidence from a dataset of 27 European IPOs to analyse how investors bid and the factors that influence their allocations. We also make use of a unique ranking of investor quality, associated with the likelihood of flipping the IPO. We find that investors perceived to be long-term holders of the stock are consistently favored in allocation(More)
We study the role of underwriter compensation in mitigating conflicts of interest between companies going public and their investment bankers. Making the bank’s compensation more sensitive to the issuer’s valuation should reduce agency conflicts and thus underpricing. Consistent with this prediction, we show that contracting on higher commissions in U.K.(More)
We study the role of underwriter compensation in mitigating conflicts of interest between companies going public and their investment bankers. Making the bank’s compensation more sensitive to the issuer’s valuation should reduce agency conflicts and thus underpricing. Consistent with this prediction, we show that contracting on higher commissions in U.K.(More)
This paper discusses the architecture and performance of a prototype switch for interconnecting IBM RISC Sys tem/6000 workstations. The paper describes the interconnection architecture and performance on a cluster of four IBM RISC Sys tem 6000 model 340 workstations. A also describes the driver level software interface to the switch and Ihe features(More)
We study the role of underwriter compensation in mitigating conflicts of interest between companies going public and their investment bankers. Making the bank’s compensation more sensitive to the issuer’s valuation should reduce agency conflicts and thus underpricing. Consistent with this prediction, we show that contracting on higher commissions in U.K.(More)
  • 1